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TrustDocumentExample
TrustDocumentExample
(addedMarch7,2002)
Warning!Donotusethisexampleinitspresentformperformthenecessaryresearch
[Link]
arecoloredredthisexampleisdesignedspecificallyforthecommonlawoftheunited
StatesofAmerica,however,itcontentsmaybealteredtobecomeapplicableunderthe
organiclawsofothernations.
CONTRACTANDDECLARATIONOFTRUST
FORVALUABLECONSIDERATION,receiptofwhichisacknowledged.[creator],
hereinafterreferredtoasthe"CREATOR,"and[firsttrustee],hereinafterreferredtoasthe
"FIRSTTRUSTEE,"enterintothisCONTRACTANDDECLARATIONOFTRUSTonthe
day,monthandyearhereinaftersetforth.
[Link].
[Link]
Trustee(s)agree(s)toaccepttitletocertainpropertyexchangedinTrustforCertificatesof
BeneficialInterest.
[Link](s),recognizingafiduciaryobligation,agreetomanagetheTrustproperty
[Link]
theaffairsoftheTrust,theTrust'spropertyshallbeheldinjointtenancy.
[Link](s)shallallocate100unitsofbeneficialinterestinthe
formofCertificatesofBeneficialInterest.
[Link](s).
AllprivatepropertyissetforthinExhibit"A"attachedtothisagreementand
incorporatedhereinbyreference.
AllrealpropertyissetforthinExhibit"B"attachedtothisagreementand
incorporatedhereinbyreference.
[Link],byexecutingthisinstrument,acceptsthetermsandconditionsofthis
TrustIndenture.
[Link]
[Link]
shallnotbecharacterizedaseitheragiftorasale.
[Link].
[Link]:
[trustname]
[Link]
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TrustDocumentExample
[Link].
[Link]:
[trustdomicileaddress]
[Link]
ofAmerica.
[Link],prudentand
necessarybytheTrustee(s).
[Link].
[Link],association,jointventure,corporationor
[Link],andinfactandincommonlawis,anirrevocable
complexTrust.
[Link]/ortheabilityto
revoke,modify,[Link]
subrosaorotherarrangementwiththeTrustee(s)oftheTrustthatwouldcausethe
Trustee(s)[Link](s)shallonlyactasan
independentfiduciaryinthebestinterestoftheBeneficialUnitHolders.
4.03ThisTrustshallbeconstruedbywayoflegalprincipleswhichguaranteetherightof
CommonLawContract.
[Link].
[Link]
Trusteeandshallendurefor[trustlife][Link](s)shallhavethepower,by
unanimousdecision,toterminatetheTrustatanearlierdateortorenewtheTrustforan
additional[trustlife][Link]'stermisappropriatelyrenewed,itscorpusshall
bedistributedtotheholdersoftheunitsofBeneficialInterest.
[Link].
[Link](s)mayengageinanytypeofactivitywhichtheTrustee(s)deeminthe
bestinterestoftheTrustincluding,butnotlimitedto,buying,selling,borrowing,loaning,
pledging,orhypothecatingassets,andowningstockorentirechartersofcorporations,
partnerships,associationsorotherTrusts.
[Link]
tobebondedunlesstheFirstTrusteeorallofthemembersofaBoardofTrusteerequirea
bond.
[Link](s)shallpossessallpowersnecessarytooperateandmanagetheTrustfor
thebenefitoftheBeneficialUnitHolders.
[Link]
[Link].
[Link]
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TrustDocumentExample
[Link](s)shall,attheTrust'sfirstregularmeeting,designateoneormore
contingentTrusteeswhoshallreplacethethenexistingTrustee(s)intheeventallofthe
Trustee(s)shalldieorsimultaneouslybecomeincapacitated.
[Link]"sitting"Trustee(s)andcontingentTrusteessimultaneouslydieor
becomeincapacitated,aBeneficialUnitHoldermayapplytoaCourtofcompetent
jurisdictionrequestingareplacementorreplacements.
[Link](s)'liabilityhereundershallbethatofonewhoholdsafiduciary
relationshipwithanother.
[Link](s)shallhavetheauthoritytoappointoneormoreagentsoftheTrusttoact
assignatorsfortheTrustonallcheckingandsavingsaccounts.
[Link](s)shallhavetheauthoritytoappointoneormoreagentstomanageTrust
assetsandtoadvisetheTrustee(s)andtoaccomplishanyotherfunctionsendemictothe
Trustpurposeandoperation.
[Link](s)shallhavetheauthoritytoreasonablecompensateTrusteesandothers
whoperformservicesbeneficialtotheTrust.
[Link](s)shallmaintainbooks,accountsandrecordsandminutesofallregular
meetingsrelativetoTrustadministrationandbusiness.
[Link].
[Link],inanyform,takenintotheTrust,shallnotbe
availabletotheCreatorinhiscapacityasCreator.
[Link]
theCreator,Trustee(s)ortheBeneficialUnitHolders.
[Link],inanymannerwhatsoever,controltheactivities
oftheTrustee(s)includingdecisionsrelatingtothedisbursementoftheremunerationsof
moneyorfairvalue,inanyform,orcorpusoftheTrust.
[Link],insolvency,bankruptcyorincapacityofanyTrusteesorBeneficialUnit
HoldershallnotaffecttheoperationorcontinuityoftheTrust.
[Link].
[Link](s)[Link]
meetingsmaybecalledbyoneormoreoftheTrusteesuponthree(3)daysnotice,which
[Link]
presenceoftheparticipants,butmaybeconductedbytelephoneorotheracceptablemedium.
[Link].
[Link].
[Link],insolvencyorbankruptcyofanycertificateholder,orthetransferofhis/her
certificatebysale,gift,deviceordescent,shallnotoperateasadissolutionofthisinstrument
[Link]
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TrustDocumentExample
[Link]
entitletheholdertoanylegaltitleinortotheproperty,norshallthedeathofacertificate
holderentitlehis/herheirsorlegalrepresentativetodemandanyportionordivisionofthe
propertyoftheTrust,butsaidsuccessormaysucceedtothesameequitableordistributable
interest.
[Link],theinterestsofBeneficialUnitHoldersshallnotbe
subjecttoattachmentortheclaimsofcreditors.
9.04.TheCertificatesofBeneficialInterestofthisTrustaredividedinto100unitsorparts
[Link],nontaxableandnonnegotiable.
[Link](s)allright,titleandinterest
[Link](s)mayissueornotsaidunits
takingintoaccountanysuggestionsmadebythepreviousholderofsaidunits.
[Link]/herunits
[Link](s)fortheTrustee(s)approval.
[Link](s)may,butarenotrequiredto,distributeanyandallremunerationsof
moneyorfairvalue,inanyform,toBeneficialUnitHoldersifthereareanydistributable
remunerationsofmoneyorfairvalue,inanyform,andnottodistributewouldcausethe
Trusttosufferataximpact.
[Link](s)willmakeadeterminationastotheexistenceornonexistenceof
distributableremunerationsofmoneyorfairvalue,inanyform,periodicallybutatno
greaterintervalthansemiannually.
[Link]
ofsuchwaiverisdeliveredtotheTrustee(s)priortothedateofdistributionandsuchwaiver
isacceptedbytheTrustee(s).Ifthewaiverisaccepted,thatportionofthedistributionshall
beallocatedtotheremainingBeneficialUnitHoldersonaproratabasis.
Saidwaiverwouldnotbeeffectiveforfuturedistributions,andtheprocesssetforthinthis
paragraphwouldhavetobereemployedforeachsubsequentdistributioniftheBeneficial
UnitHoldersdidnotwanttoreceivesame.
[Link].
[Link]
orinordertocomplywithanyapplicablelawsorregulation.
[Link],BeneficialUnitHoldersmay
applytoacourtofcompetentjurisdictionasanappropriateforum.
[Link],phraseorheadingisdeemedtobeunenforceable,thentheremainderof
theagreementshallremaininfullforceandeffect.
[Link](s)disagreeconcerningagivencourseofactionortheconstruction
ofanyportionofthisagreement,thenanyTrusteemayinitiateanarbitrationunderthe
commonlaw.
[Link]
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TrustDocumentExample
[Link]:
[trustpurpose]
[Link]:
[trustgoal]
CERTIFICATIONOFTRUSTINDENTURE
[trustname]
INWITNESSWHEREOF,THECREATORANDFIRSTTRUSTEEhavehereuntosetinto
theirhandsandsealinrecognitionofthefactthattheverbiagecontainedinthisTrust
Instrumentwasdrawninrecognitionoftheconveyanceandacceptanceofthepropertyand
theobligationsandthedutieshereinassigned.
CREATOR:[creatorsignature]
FIRSTTRUSTEE:[firsttrusteesignature]
ACKNOWLEDGEMENT
NOTARYPUBLIC
Stateof[state],Countyof[county]
Onthisdate[date],beforeme,theundersignedNotaryPublicinandforsaidState,
personallyappearedtheabovenamedCreatorandFirstTrustee,whoareknowntomeor
provedtomeonthebasisofsatisfactoryevidence,tobethepersonswhoexecutedthisTrust
Indentureandwhohavereaditstermsandconditionsandwhohaveagreedtobeboundby
them.
Notaryin&forsaidState&County:[notarystate&county]
MyCommissionExpires:[notaryexpiration]
Seal:[notaryseal]
Back
[Link]
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